Solid price pressure on gold, silver amid scant risk aversion

The safe-haven bulls are fading amid a global trading environment that sees robust risk appetite amid no major geopolitical or economic speed bumps on the investment road.

monetary policy, focus will be on the Fed’s tenor on inflation prospects and when the central bank will start to taper its very easy money policies.

Bears’ next near-term downside price objective is pushing futures prices below solid technical support at $1,810.70.

Silver bulls’ next upside price objective is closing July futures prices above solid technical resistance at the May high of $28.90 an ounce.

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